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Unity (U) Q2 2024 earnings results beat revenue estimates on smaller loss than Q2 2023

Unity is out with its earnings for Q2 2024, and the stock is volatile as a result.

August 8, 2024 2:12 PM

Unity

The stock market has closed for the day and Unity (U) has published its earnings report for Q2 2024. It shows a beat on revenue and EPS expectations, but the stock has seen dramatic shifts both north and south in after-hours trading.

Unity’s Q2 2024 earnings report was published today and shows the company made $449 million in revenue against an expectation of $439 million. In terms of EPS, the company lost $0.36/share, which is less than the expected loss of $0.42/share.

Source: Unity

After ending the day at $14.36, Unity shares dropped as low as $13.46, before climbing to $14.66 and evening out from there.

In addition to Unity, Take-Two Interactive also reported quarterly earnings today. Make Shacknews your home for everything on the financial side of the games industry.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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